July 25, 2017
Nationwide INCOME Promise Select® Annuity Added to Hueler Income Solutions® Platform
Nationwide announced today it is partnering with Hueler Income Solutions to offer its INCOME Promise Select single premium immediate annuity (SPIA) on the Income Solutions® platform.
The Income Solutions platform is a fully automated, competitive annuity marketplace created specifically for “transitioning investors.” These investors include both active employees and retirees who have reached a point in their lives where they want or need to convert a portion of their retirement savings into a guaranteed income stream or paycheck for life. It is the only institutionally priced, fully automated, multi-issuer platform currently available in the market today.
“Nationwide is pleased to partner with Hueler and join the Income Solutions platform, offering our INCOME Promise Select immediate annuity,” said Mike Morrone, associate vice president of fixed annuity strategy at Nationwide. “This opportunity will provide investors a way to receive a guaranteed stream of income and supports our mission to help Americans prepare for and live in retirement.”
“Hueler is very excited to have Nationwide joining the Income Solutions® platform. Their participation represents our steadfast commitment to ensuring a robust best in class offering that provides low-cost, competitive quotes in an easy to compare, transparent format from only top quality insurers, “said Kelli Hueler, founder and CEO Hueler Companies.
INCOME Promise Select is a fixed immediate annuity offered by Nationwide. It may be an important part of a retirement income portfolio and offers the power to create guaranteed income that is based specifically on one’s needs and timeline through a variety of payment options and features, including:
- Customized guaranteed income — allows a person to create income for an individual or two people (joint annuitants), for a specific period of time or for life — whatever best fits their needs
- Cost-of-living adjustment (COLA) — provides future income increases that may help a person protect against inflation
- Liquidity feature — allows a person to take lump-sum withdrawals in the event of a financial emergency; this feature is available with any payment option that includes a term-certain or cash-refund
About Hueler Companies and Income Solutions®
Hueler Companies, Inc. and its affiliates (together, Hueler Companies) located in Minneapolis, Minnesota, was founded in 1987 as a consulting/data research firm. The firm is now recognized as a leading technology and research firm offering key resources for the analysis, selection and implementation of stable value and annuity products.
In 2004 Hueler launched the groundbreaking Income Solutions® platform, a web-based lifetime income annuity purchase system. The platform was designed to facilitate the creation of lifetime income for transitioning investors. Today, the Income Solutions® platform is widely adopted by employers and made available to individual investors through Hueler Companies’ unique non-exclusive partnerships with leading financial service firms, 401(k) providers, and advisor networks.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.